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Wednesday, 13 May 09
INDONESIA ADARO NET PROFIT, REVENUE TO RISE IN 2009 - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, expects double-digit growth in revenue and net profit this year, an official at the firm said on Tuesday.
"We still believe in double-digit growth for both," said operating director Ah Hoo Chia, when asked about the outlook for revenue and net profit for 2009.
Adaro, which has a market capitalisation of $3.64 billion, sells to 48 customers in 18 countries worldwide, including power utilities Thai Power and Indonesian state electricity firm Perusahaan Listrik Negara (PLN). Exports account for 70-72 percent of its sales.
The firm expects to produce 42-45 million tonnes of coal this year, up from 38.5 million tonnes in 2008, and aims to increase production to 80 million tonnes per year in the next five years.
San Miguel Corp of the Philippines is in talks to buy a stake worth about $500 million in Adaro, which Goldman Sachs , Citigroup and hedge fund Farallon plan to sell.
The firm reported a ten-fold increase in net profit last year to 887.2 billion rupiah ($85.63 million) while revenue rose 56 percent to 18.09 trillion rupiah despite a global economic downturn that has led to a sharp drop in commodity prices.
It also turned to a first-quarter net profit of 1.145 trillion rupiah this year from a 12 billion rupiah loss a year earlier, thanks to higher average achieved selling prices of Envirocoal.
Source: http://www.reuters.com/article/rbssEnergyNews/idUSJAK46414020090512
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Tuesday, 05 May 09
INDONESIA'S ADARO PAYS $78.6 MLN FOR COAL-BARGING FIRM - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, said late on Monday it paid $78.6 million for a 74 percent stake in Orchard ...
Tuesday, 05 May 09
PHILIPPINES SEMIRARA STILL EXPECTS HIKE IN COAL SALES - BUSINESS MIRROR
DESPITE the anticipated soft demand resulting from the prevailing global financial crisis, the country’s largest coal producer Semirara Mining ...
Monday, 04 May 09
VISTAAR SINGAPORE SAYS, THIS MONTH DRY BULK FREIGHT LIKELY TO COME DOWN
COALspot.com (Singapore) - VISTAAR shipping Services Pte Limited of Singapore, said, the beginning of last week started with bit of weakness an ...
Monday, 04 May 09
PNOC-EC TO GROW COAL OPERATIONS - PHILIPPINE DAILY INQUIRER
LISTED firm Philippine National Oil Co.-Exploration Corp. plans to expand its operations this year to ensure the steady supply of coal and fur ...
Saturday, 02 May 09
BUMI'S FIRST-QUARTER PROFIT RISES 21% ON COAL PRICE - BLOOMBERG
PT BUMI RESOURCES, Asia’s biggest exporter of power-station coal, said first-quarter profit rose 21 percent after it earned higher prices for ...
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- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Australian Coal Association
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
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